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Wednesday, November 21, 2012

IDBI Bank opens 1,000th branch at Kannangudi

Union Minister of Finance P. Chidambaram inaugurated the 1,000th branch of IDBI Bank in Kannangudi, in Sivaganga district on Sunday. On the occasion, the bank announced the launch of an attractively priced education loan scheme, encompassing both non-vocational and vocational courses designed largely in line with the model education scheme circulated by Indian Bank Association.

Speaking at the inaugural, Chidambaram said that he was happy that the bank has transformed itself into a full-service commercial bank and is actively focusing on expanding customised financial solutions. R. M. Malla, CMD, IDBI Bank, in his address, said that the inauguration of the branch was a testimony of the bank’s dedication to the socio-economic development of the region. The bank has 1,000 branches and 1,592 ATMs. It has an aggregate balance sheet size of Rs 265,000 crore and total business of Rs 350,000 crore as on September 30, 2012.


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